The figures posted went on to state how powerful the top thousand addresses were. Combined, the top 1000 addresses holds 858,120,383 tokens, or almost 86% of the total. It was speculated that the rest of the EOS holders had very little influence over the ecosystem;<\/p>\n
\u201cFor everyone else ranked 1001 or lower on the EOS rich list, even if all the remaining 162,930 accounts voted the same way, that would still only be worth 13.86% of the votes, and we would still need the support of those in the Top 1000 to vote the same way as us. If The Top 1000 (or even the Top 100 or less) decides to go one way, there’s nothing the remaining 162,930 accounts will be able to do about it.\u201d<\/p><\/blockquote>\n
This scenario is likely to be similar for many of the top cryptocurrencies so we really have a long way to go before any of them can claim to be truly \u2018decentralized\u2019.<\/p>\n","protected":false},"excerpt":{"rendered":"
There has always been the underlying concern that Bitcoin whales can and do manipulate the markets by dumping large quantities of them at any given time. We have seen the results of this time and time again, the prime example being the Mt Gox selloffs. <\/p>\n","protected":false},"author":9,"featured_media":9775,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[825],"tags":[2019,207,2018,2020],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/12250"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=12250"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/12250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/9775"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=12250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=12250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=12250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}